ISB placement record
How is ISB managing to substantially increase the avg CTC of its cohorts, year after year.
Pls don’t believe in reports posted by B-schools. There is a lot of tweaking on that data.
1. If a student gets multiple offers. All offers are counted.
2. They don’t show the number of students not placed(it will probably be mentioned as “opted out of placements”.
3. Offers will be calculated with all joining perks and max allowed variable.
4. Convert international placement compensation to INR.
B-schools do it to get traction otherwise “fees kaun dega”??
P.S. : passed out from one of the top 10 MBA colleges and have seen this in motion.
It’s best to get the number from someone whom you know personally or via friend of friends.
Believe me, mein bhi paiso ke picche bhaga tha… doesn’t work out… 9 of my batchmates didn’t get placed. They didn’t opt out..
Damn. And how are they planning to payback the 50L edu loan after not getting placed from ISB?
They eventually got a job after passing out but didn’t get the “flashy” packages.
IMO, you should only do a MBA if you’re looking at total role change and aren’t able to do so otherwise. And also select colleges based on what function you would want to specialise in and would be a great Fitment for your skills.
I love that a lot of foreign institutions ask for min 5 years of work-ex to be considered before applying.
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ISB is a lot more than just a placement school.
If you are interested in education even a wee bit, they have literally the best professors you'll find in India. Even if you're coming from Ace top 5 undergrad colleges in India, you'll still find a remarkable difference there. I would happily get up for the 8am lecture to get Gyan from such interesting profs.
Peer group is pretty amazing. You'll find all sorts of people there and you can easily find your tribe.
Placements are decent, my guess is you should get something between 25-30lpa base for most jobs. There can be outliers for sure.
I graduated from there a few years back. It's a fun experience. It's the closest to a global experience you can get in India.
Baingan
Student
a year ago
1. No one leaves an IIM ABC for ISB
2. Recruiters know this
3. So ISB caters to more experience folks, who already have high salaries coming in.
4. This helps the myth of ISB salaries are good.
I thought both caters to different type of audiences....ABC is more for <2 years experienced folks and ISB for >3-4 years of experience
IceCream
Stealth
a year ago
ISB has progressively lowered its minimum experience requirement for the PGP.
And IIMs ABC have up to 30-40% of people with > 2 years of experience.
Beyond 3-4 years of experience, it's a toss up whether one wants to go for a 2 year or a 1 year programme.
I agree with the assertion that hardly anyone gives up an ABC admit for ISB. Those who claim to have done so would most likely have received an admit to the 1 year Exec MBAs (which are comparable to the ISB 1 year programme) or other programmes like Agribusiness or Sustainability.
Okay, I'm just going to take every post made on GP about ISB or MBA admission placements/CTCs for the coming week as a personal attack against my post 😂😂😂😂😂😂
MildMusic68
Stealth
a year ago
Why do they charge bomb when compared to others if the pay isn't similar
I think it has to do with their placement record. It's more of a placement school imo. Hence I am perplexed how do they pull it off year after year
MildMusic68
Stealth
a year ago
They do?
What's the starting pay like? 30-40?
Have heard who start with 18-22 too
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Does even executive or online cohorts also tends to be so demand-able in the market ?
Not sure about it, may be some one who has done that can tell better....what I have heard from friends is folks who are just looking to upskill or get a MBA tag tend to get into online/exec track
I find it strange that they don’t even offer an MBA degree. They only offer diplomas unlike every other prestigious B school
IceCream
Stealth
a year ago
They can't award degrees or diplomas, it's not a university. ISB course is a 1- year certificate, it's not accredited by the AICTE. If one wants to pursue a PhD in the future, the ISB PGP doesn't qualify as a post graduate qualification.
Yeah that’s the problem. PGP degree may not carry the level of credibility as an MBA especially outside of India
Indusplateau
Stealth
a year ago
At my previous startup we used have a MBA product group and a non MBA product group.
When covid came, they fired MBA folks first, as they added least value.
Moral of the story, you can deliver value at comoany and get good hikes without MBA too. Be smart, prep yourself with reading etc and go for the long haul race
Salaries have definitely increased compared to earlier but there are few other factors too. More & more companies are making their pay look huge by including 4 years stock. Also many Tier1 undergrads are increasingly opting for a MBA for starting up or if they want to switch careers.
So it's normal that the salaries on *their portal* will increase significantly in a few years. It will continue to increase going forward too.
MightyLazyGeekStar
Stealth
a year ago
There is something known as joining bonus and retention bonus which is added to the ctc amount. The base amount for a lot may be below 25.
Hmm got it, assuming that joining bonus and retention has always been there as part of CTC. How are they still able to increase this CTC higher every year
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